5. The wireless networking standard known as Wi-Fi encompasses several frequency bands in the microwave part of the electromagnetic spectrum. The two most common are the 2.4GHz and 5GHz bands.

a) Wi-Fi channels in the 2.4GHz band range from 2.401GHz to 2.473GHz in the US. What range of wavelengths correspond to these frequencies?

b) Wi-Fi channels in the 5GHz band range from 5.170GHz to 5.835GHz in the US. What range of wavelengths correspond to these frequencies?

Question 1: You are borrowing USD 1000 for one year, at a coupon rate of 7.7%. You will get the money today, and will repay all principal and interest one year from today. If the current CAD per USD spot rate is 0.95, the CAD inflation rate is 3%, and the USD inflation rate is 1.6%, what is the CAD cost of debt for this loan?

Question 2: The current MXN/CHF spot exchange rate is 26.5. The MXN inflation rate is 6.9%, and the CHF inflation rate is 0.7%. If you are a Mexican firm with a MXN cost of capital for foreign projects of 9%, what is the PV (in MXN) of a payment of 2M CHF 4 years from today?

Question 3: You are the CEO of an American company considering investing in Brazil. Your BRL cost of capital is 19.4%, and your USD cost of capital is 11.8%. The project you are considering will cost 20M BRL to set up, and will produce free cash flows of 2.9M BRL per year in perpetuity, starting one year from today. Brazil and the US have the same inflation rate, and the current spot exchange rate is USD 0.17 per BRL. What is the NPV of this project (in the appropriate currency) from the project viewpoint?

Question 4: You are the CEO of an American company considering investing in Brazil. Your BRL cost of capital is 16.9%, and your USD cost of capital is 15.9%. The project you are considering will cost 21M BRL to set up, and will produce free cash flows of 2.7M BRL per year in perpetuity, starting one year from today. Brazil and the US have the same inflation rate, and the current spot exchange rate is USD 0.24 per BRL. What is the NPV of this project (in the appropriate currency) from the parent viewpoint?

How does composition (by final use) of crude oil demand in the US and Canada differ from many countries in the rest of the world that are less well developed and less motorized?

Given your answer to above, how does this affect the refining sector in the US and Canada relative to many countries in the rest of the world?

Throughout history empires have portrayed their power and governance of others as benevolent and just. The US characterizes itself as a champion of democracy, human rights, and free markets but on numerous occasions it has abandoned these values in the name of national interest. Is the US just another Empire indistinguishable from past empires, why or why not?

On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals. The new corporation was able to begin operations immediately by purchasing the assets and taking over the location of Rent-It, an equipment rental company that was going out of business. The newly formed company uses the following accounts.

The corporation performs adjusting entries monthly. Closing entries are performed annually on December 31. During December, the corporation entered into the following transactions.

The corporation performs adjusting entries monthly. Closing entries are performed annually on December 31. During December, the corporation entered into the following transactions.

On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals. The new corporation was able to begin operations immediately by purchasing the assets and taking over the location of Rent-It, an equipment rental company that was going out of business. The newly formed company uses the following accounts. Cash Capital Stock Accounts Receivable Retained Earnings Prepaid Rent Dividends Unexpired Insurance Income Summary Office Supplies Rental Fees Earned Rental Equipment Salaries Expense Accumulated Depreciation: Rental Equipment Maintenance Expense Notes Payable Utilities Expense Accounts Payable Rent Expense Interest Payable Office Supplies Expense Salaries Payable Depreciation Expense Dividends Payable Interest Expense Unearned Rental Fees Income Taxes Expense Income Taxes Payable The corporation performs adjusting entries monthly. Closing entries are performed annually on December 31. During December, the corporation entered into the following transactions. Dec. 1 Issued to John and Patty Driver 26,000 shares of capital stock in exchange for a total of $260,000 cash. Dec. 1 Purchased for $230,400 all of the equipment formerly owned by Rent-It. Paid $136,000 cash and issued a 1-year note payable for $94,400. The note, plus all 12 months of accrued interest, are due November 30, Year 2. Dec. 1 Paid $9,900 to Shapiro Realty as three months’ advance rent on the rental yard and office formerly occupied by Rent-It. Dec. 4 Purchased office supplies on account from Modern Office Co., $2,000. Payment due in 30 days. (These supplies are expected to last for several months; debit the Office Supplies asset account.) Dec. 8 Received $8,200 cash as advance payment on equipment rental from McNamer Construction Company. (Credit Unearned Rental Fees.) Dec. 12 Paid salaries for the first two weeks in December, $4,800. Dec. 15 Excluding the McNamer advance, equipment rental fees earned during the first 15 days of December amounted to $18,500, of which $12,400 was received in cash. Dec. 17 Purchased on account from Earth Movers, Inc., $600 in parts needed to repair a rental tractor. (Debit an expense account.) Payment is due in 10 days. Dec. 23 Collected $2,000 of the accounts receivable recorded on December 15. Dec. 26 Rented a backhoe to Mission Landscaping at a price of $270 per day, to be paid when the backhoe is returned. Mission Landscaping expects to keep the backhoe for about two or three weeks. Dec. 26 Paid biweekly salaries, $4,800. Dec. 27 Paid the account payable to Earth Movers, Inc., $600. Dec. 28 Declared a dividend of 10 cents per share, payable on January 15, Year 2. Dec. 29 Susquehanna Equipment Rentals was named, along with Mission Landscaping and Collier Construction, as a co-defendant in a $23,000 lawsuit filed on behalf of Kevin Davenport. Mission Landscaping had left the rented backhoe in a fenced construction site owned by Collier Construction. After working hours on December 26, Davenport had climbed the fence to play on parked construction equipment. While playing on the backhoe, he fell and broke his arm. The extent of the company’s legal and financial responsibility for this accident, if any, cannot be determined at this time. (Note: This event does not require a journal entry at this time, but may require disclosure in notes accompanying the statements.) Dec. 29 Purchased a 12-month public liability insurance policy for $8,640. This policy protects the company against liability for injuries and property damage caused by its equipment. However, the policy goes into effect on January 1, Year 2, and affords no coverage for the injuries sustained by Kevin Davenport on December 26. Dec. 31 Received a bill from Universal Utilities for the month of December, $630. Payment is due in 30 days. Dec. 31 Equipment rental fees earned during the second half of December amounted to $20,300, of which $16,100 was received in cash. Data for Adjusting Entries The advance payment of rent on December 1 covered a period of three months. The annual interest rate on the note payable to Rent-It is 6 percent. The rental equipment is being depreciated by the straight-line method over a period of eight years. Office supplies on hand at December 31 are estimated at $650. During December, the company earned $4,500 of the rental fees paid in advance by McNamer Construction Company on December 8. As of December 31, six days’ rent on the backhoe rented to Mission Landscaping on December 26 has been earned. Salaries earned by employees since the last payroll date (December 26) amounted to $1,700 at month-end. It is estimated that the company is subject to a combined federal and state income tax rate of 30 percent of income before income taxes (total revenue minus all expenses other than income taxes). These taxes will be payable in Year 2. Comprehensive Problem 1 Part 1 1-a. Journalize the December transactions. Do not record adjusting entries at this point. 1-b. Prepare the necessary adjusting entries for December. 1-c. Prepare closing entries and post to ledger accounts.

On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals. The new corporation was able to begin operations immediately by purchasing the assets and taking over the location of Rent-It, an equipment rental company that was going out of business. The newly formed company uses the following accounts.

The corporation performs adjusting entries monthly. Closing entries are performed annually on December 31. During December of its first year of operations, the corporation entered into the following transactions.

Data for Adjusting Entries in Year 1

1. The advance payment of rent on December 1 covered a period of three months.

2. The annual interest rate on the note payable to Rent-It is 6 percent.

3. The rental equipment is being depreciated by the straight-line method over a period of eight years. Any salvage value at the end of its useful life is expected to be negligible and immaterial.

4. Office supplies on hand at December 31 are estimated at $650.

5. During December, the company earned $3,700 of the rental fees paid in advance by McNamer Construction Company on December 8.

6. As of December 31, six days’ rent on the backhoe rented to Mission Landscaping on December 26 has been earned.

7. Salaries earned by employees since the last payroll date (December 26) amounted to $1,800 at month-end.

8. It is estimated that the company is subject to a combined federal and state income tax rate of 30 percent of income before income taxes (total revenue minus all expenses other than income taxes). These taxes will be payable in Year 2.

Prepare an income statement for the year ended December 31. (Round your final answers to the nearest whole dollar.)

On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals. The new corporation was able to begin operations immediately by purchasing the assets and taking over the location of Rent-It, an equipment rental company that was going out of business. The newly formed company uses the following accounts.

The corporation performs adjusting entries monthly. Closing entries are performed annually on December 31. During December of its first year of operations, the corporation entered into the following transactions.

Data for Adjusting Entries in Year 1

1. The advance payment of rent on December 1 covered a period of three months.

2. The annual interest rate on the note payable to Rent-It is 6 percent.

3. The rental equipment is being depreciated by the straight-line method over a period of eight years. Any salvage value at the end of its useful life is expected to be negligible and immaterial.

4. Office supplies on hand at December 31 are estimated at $650.

5. During December, the company earned $3,700 of the rental fees paid in advance by McNamer Construction Company on December 8.

6. As of December 31, six days’ rent on the backhoe rented to Mission Landscaping on December 26 has been earned.

7. Salaries earned by employees since the last payroll date (December 26) amounted to $1,800 at month-end.

8. It is estimated that the company is subject to a combined federal and state income tax rate of 30 percent of income before income taxes (total revenue minus all expenses other than income taxes). These taxes will be payable in Year 2.

Prepare a balance sheet (in report form) as of December 31. (Amounts to be deducted should be indicated by a minus sign. Round your final answers to the nearest whole dollar.)

Required information

[The following information applies to the questions displayed below.]

On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals. The new corporation was able to begin operations immediately by purchasing the assets and taking over the location of Rent-It, an equipment rental company that was going out of business. The newly formed company uses the following accounts.

The corporation performs adjusting entries monthly. Closing entries are performed annually on December 31. During December of its first year of operations, the corporation entered into the following transactions.

Data for Adjusting Entries in Year 1

1. The advance payment of rent on December 1 covered a period of three months.

2. The annual interest rate on the note payable to Rent-It is 6 percent.

3. The rental equipment is being depreciated by the straight-line method over a period of eight years. Any salvage value at the end of its useful life is expected to be negligible and immaterial.

4. Office supplies on hand at December 31 are estimated at $700.

5. During December, the company earned $3,900 of the rental fees paid in advance by McNamer Construction Company on December 8.

6. As of December 31, six days’ rent on the backhoe rented to Mission Landscaping on December 26 has been earned.

7. Salaries earned by employees since the last payroll date (December 26) amounted to $2,000 at month-end.

8. It is estimated that the company is subject to a combined federal and state income tax rate of 40 percent of income before income taxes (total revenue minus all expenses other than income taxes). These taxes will be payable in Year 2.

Prepare an income statement for the year ended December 31. (Round your final answers to the nearest whole dollar.)

Required information

[The following information applies to the questions displayed below.]

On December 1, Year 1, John and Patty Driver formed a corporation called Susquehanna Equipment Rentals. The new corporation was able to begin operations immediately by purchasing the assets and taking over the location of Rent-It, an equipment rental company that was going out of business. The newly formed company uses the following accounts.

The corporation performs adjusting entries monthly. Closing entries are performed annually on December 31. During December of its first year of operations, the corporation entered into the following transactions.

Data for Adjusting Entries in Year 1

1. The advance payment of rent on December 1 covered a period of three months.

2. The annual interest rate on the note payable to Rent-It is 6 percent.

3. The rental equipment is being depreciated by the straight-line method over a period of eight years. Any salvage value at the end of its useful life is expected to be negligible and immaterial.

4. Office supplies on hand at December 31 are estimated at $700.

5. During December, the company earned $3,900 of the rental fees paid in advance by McNamer Construction Company on December 8.

6. As of December 31, six days’ rent on the backhoe rented to Mission Landscaping on December 26 has been earned.

7. Salaries earned by employees since the last payroll date (December 26) amounted to $2,000 at month-end.

8. It is estimated that the company is subject to a combined federal and state income tax rate of 40 percent of income before income taxes (total revenue minus all expenses other than income taxes). These taxes will be payable in Year 2.

Post the entries into the following ledger accounts. (Enter the transaction in chronological order for each of the Ledger accounts. Round your final answers to the nearest whole dollar.)